Medicare Supplement Plan F

Medicare Supplement Plan F – Is it really the best choice?

When people think of Medicare Supplements, usually the first plan that you will hear them talk about is a Medicare Supplement Plan F.  Why?  This plan offers first dollar coverage and there is no out of pocket cost as long as Medicare picks up its 80%.  But did you know that there are significant savings with plans outside of the popular Medicare Supplement Plan F?  Let’s take a look at some current facts.

Medicare Supplement Plan F Facts

  1. There are no co-pays for Parts A & B.
  2. There are no deductibles.
  3. There are no networks.
  4. Rate increases are sometimes higher than other plans.

Now let’s take a look at Plan G facts…

  1. There are no co-pays for Parts A & B.
  2. The only deductible is the annual Part B deductible ($166 for 2016).
  3. No deductible for Part A, which is your hospital insurance.
  4. There are no networks.
  5. Rate increases are generally lower than Medicare Supplement Plan F.

Okay, from the facts above, you can see that Plan G has some cost sharing over the Medicare Supplement Plan F.  But what about the difference in premium?  Is there a cost savings there?  Absolutely.  Now let’s see if the difference in premium is greater than the out of pocket cost (Part B deductible).

I’m going to look up some Medicare Supplement Plan F & G rates on our quoter, which can be accessed by clicking HERE.  We’ll look at some rate comparisons in 5 different areas.  Since the rates are based on zip code, we will pull zip codes from the largest cities of the states below.  Rates are also based on gender, age, and whether or not you use tobacco.  For this illustration, we are going to pull female, age 65, and non-tobacco.

Location Plan F Plan G Annual Savings
Jackson, Mississippi (392XX) $116.65 $89.63 $324.24
Houston, Texas (770XX) $146.81 $111.79 $420.24
Detroit, Michigan (482XX) $141.15 $118.87 $267.36
Nashville, Tennessee (372XX) $134.95 $95.80 $469.80
Philadelphia, Pennsylvania (190XX) $158.52 $123.45 $420.84

Wow.  Look at those savings going from a Medicare Supplement Plan F to a Plan G!  Like I mentioned before, the only out of pocket cost with Plan G is the Part B deductible which is $166 this year.  Why would you pay $469.80 in TN, for example, for a $166 benefit?  I know I wouldn’t.

If you’d like to speak to one of our advisors, call us at (877) 759-5760 or send us an e-mail to seniorservices@morganwhite.com.  We can answer your questions and see if there’s an opportunity for us to work together.  If not, that’s okay!  Let’s get this conversation going.

Michigan Medicare Supplement Rates

This article will be straight forward and explain how to get Michigan Medicare Supplement Rates in quick and hassle-free manner.  First of all, understand that Medigap plans supplement Medicare – they are not Medicare Advantage Plans which take over the administration of your Medicare coverage.

Michigan Medicare Supplement Rates

Prior to looking up rates you will need several basic pieces of information in order to compare plans.  Date of Birth, Gender, Zip Code, and Tobacco preference are the three items that are required with 90% of the Michigan Insurance companies.  Now there will be health questions for the coverage unless you are in your Open Enrollment Period or Guaranteed Issue Period, but the health questions are not extreme so it is at least worth considering prior to writing it off because you don’t feel you are healthy enough.

So if you are wanting to compare Michigan Medicare Supplement Rates whether you live in Detroit or Grand Rapids this is an easy want to get some quotes.  Go to www.medicareinsurancefinders.com and fill in the information on the side of the screen.  The box to fill out looks like this:

Michigan Medicare Supplement Rates

Hassle Free Rate Comparison

Once you have filled in this information and confirmed on the next screen you will see rates with over 30 insurance companies in the state.  Another good thing is that you can compare rates in 47 states across the country in less than 1 minute.

What do I do now?

Once you compare rates you should ask yourself if you are paying too much for your current plan!  These plans are standardized and the coverage between companies is the same which means that if you are paying $30 or more per month over what you are quoted on the Medicare Supplement Quote Engine you could be saving over $360 per year…. We see huge savings every day and really recommend taking less than 2 minutes of your time to look at what is available.

If you see you like a plan that is available and would like to see if you qualify call us at 1-877-936-2991.  We help people every day who are in their Open Enrollment Period or just need help comparing their current policy.  We would love to help you in order to make sure you have the best Michigan Medicare Supplement Rates available!

 

Detroit Retiree Insurance

Detroit Retiree Insurance is currently taking some hits in the news, talking about how there is currently 5.7 billion in unfunded retiree healthcare liabilities, nearly 1/3 of Detroit’s debt.  Currently there are almost 20,000 retirees in Detroit that will be pushed towards the exchanges for their insurance options due to Detroit Retiree Insurance issues.

Life most companies that have promised to cover retiree benefits, Detroit is struggling to live up to the promise that was made when insurance rates where not increasing at 10% per year and MRIs where not costing $2,000 a pop.  Most municipalities, unions, companies and associations are changing over to Individual Medicare Supplement Plans or Group Retiree Medical Plans that are sponsored by the group but not funded by the group.

Detroit Retiree Insurance – Could either of these options work?

  1. Individual Medicare Supplements – yes, this is an option that would take the liability off the the Detroit Retiree Insurance fund.  However, it would put the premium payments on the back of the individual.  No one wants to suggest this option because they would not receive votes the following year. 
  2. Group Retiree Medical Plan – this would be another option that would work but would cost the individuals and would not be appreciated by the workforce that contributed to the city of Detroit!

Can an individual currently on the Detroit Retiree Insurance Plan switch to a Medicare Supplement or another supplemental plan?

The answer is yes!  These individuals can go to another plan stating that they are in good health.  You may be wondering what if their health is bad – is there any option? Yes the option is to purchase a BAI Guaranteed Issue plan.  To learn more about these plans you can click here.

If you need help with your health insurance options don’t hesitate to call us at 1-877-936-2991.  We provide insurance solutions in all 50 states and are not limited by one company.  We are a brokerage that represents hundreds of companies and provides you with a quote engine that shows you which plan has the lowest premiums with the best benefits.

 

 

 

Nevada Medigap Plans

This week I am in Las Vegas, Nevada for an International Health Insurance convention.  Why I was here I heard several people talking about the Affordable Care Act, Nevada Medigap Plans and other health insurance alternatives.  Since the large portion of Obamacare is coming very soon I figure I would discuss how Nevada Medigap Plans will be affected by the Affordable Care Act.

Nevada Medigap Plans

In summary, Nevada Medigap Plans are supplemental insurance coverage for Medicare Parts A & B.  There are 10 different plans labeled by letters A through N.  Each one covers different portions of your out of pocket expenses but the Plan F is the most popular plan.  The Plan G is the most cost effective of the Nevada Medigap Plans.

It is very important to compare the rates because plans are standardized and the different companies must offer the same benefits.  Some companies may ask different health questions but the plan designs are federally regulated.  Compare Medicare Supplement Quotes through our Medicare Quote Engine. 

Nevada Medigap Plans

Medicare Supplement Insurance Outline of Coverage

 

Nevada Medigap Plans – Affordable Care Act

In general Medigap plans will not be affected greatly by the new healthcare laws.  However, we have put a few items below that will address concerns from different Nevada residents:

  1. Health questions will still be asked for Medicare Supplement Plans.  These are supplemental policies and the “No Health Questions” applies to primary insurance not secondary insurance.
  2. There will be no subsidies given for Medigap Plans.
  3. You are not required to enroll in these plans or a Medicare Advantage Plan.
  4. There are laws that are trying to eliminate the Plan F Medicare Supplement.  However, these new bills will probably be shot down since over 5 million people have a plan F Medicare Supplement.

To learn more about other facts regarding Nevada Medigap Plans call 1-800-800-1397 option 6.

Jackson, MS Medicare Supplement Insurance

Morgan-White Group is a Jackson, MS insurance agency that works with those 65 or better coming off group health insurance looking for Supplemental Medicare Coverage.  In Jackson, MS Medicare Supplement Insurance is a great option for retirees that want full coverage during their retirement years.  However, there are others that don’t mind having holes in their coverage if they can pay a lower premium.  For the latter group of people there is an option for a Medicare Advantage Plan.

Mississippi residents have experienced some different signals from providers over the last several years when it comes to Medicare coverage.  There are some great doctors in Oxford, MS that have stopped taking Medicare as a whole.  There are other doctors that have put banners on their doors saying they will not take a Medicare Advantage Plan.  Then there are other doctors that will not take any other secondary insurance to Medicare besides a Medicare Supplement Plan.

Jackson, MS Medicare Help

If you need help comparing supplemental insurance options you should contact the advisors at MWG Senior Services located off I-55 in North East Jackson.   The team of advisors at this office provide excellent customer service, wide range of plan availability, and years of experience in the Medicare Supplement industry.

Jackson, MS Medicare – Call 1-800-800-1397 option 6

Mississippi Medicare Quotes

To get online quotes and help with your Medicare Supplement insurance please visit our Medicare Quote Engine for instant quotes with over 30 companies. We allow quotes to pull from any state in the country besides Minnesota, Massachusetts, and Wisconsin.   The companies that are quoted on this website tool are all B+ or higher rated with AM BEST (the #1 rating agency in the world).

Jackson, MS Medicare

Compare Medicare Rates – Medicare Insurance Finders
Save Hundreds on your Supplemental Insurance

For more help with your Jackson, MS Medicare needs contact 1-800-800-1397 option 6.  Thanks for visiting our website!

 

 

Ohio Medicare Supplement Plans

If you are reading this article most like you are shopping and trying to understand more about Ohio Medicare Supplement Plans.  So if you are not looking for basic information, rates, insurance companies offering this coverage or the best ways to compare these plans you can stop reading and go back to the Medicare Insurance Finders website.

To get started you need to know that Ohio Medicare Supplement Plans are standardized meaning that insurance companies offering plans must follow the basic set of plan design (set into law in the Medicare Modernization Act of 2010).  Below you will see a brief chart outlining these plans.

Ohio Medicare Supplement Plans

Medicare Supplement Insurance Outline of Coverage

Ohio Medicare Supplement Plans – Rates

Medigap plans are all standardized as you can see in the chart listed above with the different companies.  Rates are an important factor when choosing a plan.  Even Medicare states in the Choosing a Medigap Booklet that you should compare insurance rates because there is no difference between a Plan F with one company or the other.

Ohio Medicare Supplement Plans have pretty competitive rates.   Some states like Connecticut and Florida have rates starting in the $200 range per month for an individual turning 65.  However, Alabama starts at the $100 per month range which is much more affordable.  Visit our Medicare Quote Engine to compare rates online.

AM I REQUIRED TO GO TO A SPECIFIC DOCTOR?

Ohio Medicare Supplement Plans do not require you to go to a specific doctor or hospital.  They allow you to see any doctor in the country that accepts Medicare – which is the largest network across the country.

MWG Senior Services (one of the top insurance agencies across the country) recommends several things to consider to ensure you purchase the best Medicare Supplement available in your area:

  1. Consider a Plan G over a Plan F – lower rate increases statistically
  2. Compare Rates through the MEDICARE QUOTE ENGINE
  3. Speak with someone who knows which companies are prone to give rates increases.

Call us at 1-877-936-2991 if you need help finding an OHIO Insurance Policy!

 

Alabama Medicare Supplement Plans

If you are reading this article most like you are shopping and trying to understand more about Alabama Medicare Supplement Plans.  So if you are not looking for basic information, rates, insurance companies offering this coverage or the best ways to compare these plans you can stop reading and go back to the Medicare Insurance Finders website.

To get started you need to know that Alabama Medicare Supplement Plans are standardized meaning that insurance companies offering plans must follow the basic set of plan design (set into law in the Medicare Modernization Act of 2010).  Below you will see a brief chart outlining these plans.

Alabama Medicare Supplement Plans

Medicare Supplement Insurance Outline of Coverage

Alabama Medicare Supplement Plans – Rates

Since these plans are all standardized and you can see the benefits listed above with the different companies, you should know that rates are an important factor when choosing a plan.  Even Medicare states in the Choosing a Medigap Booklet that you should compare insurance rates because there is no difference between a Plan F with one company or the other.

Alabama Medicare Supplement Plans have pretty competitive rates.   Some states like Conneticut and Florida have rates starting in the $200 range per month for an individual turning 65.  However, Alabama starts at the $100 per month range which is much more affordable.  Visit our Medicare Quote Engine to compare rates online.

Am I required to go to a specific doctor?

Alabama Medicare Supplement Plans do not require you to go to a specific doctor or hospital.  They allow you to see any doctor in the country that accepts Medicare – which is the largest network across the country.

We recommend several quick things to lower your rates and make sure you purchase the best Medicare Supplement available in your area:

  1. Consider a Plan G over a Plan F – lower rate increases statistically
  2. Compare Rates through the MEDICARE QUOTE ENGINE
  3. Speak with someone who knows which companies are prone to give rates increases.

Call us at 1-877-936-2991 if you need help finding an Alabama Medigap Policy!

 

Florida Medicare Supplement Plan

If you are wanting to explore and compare Florida Medicare Supplement Plans you have come to the right place.  Medicare Insurance Finders specializes in educating people on their insurance options while providing online rates with over 25 insurance companies across the country.

Find the Best Florida Medicare Supplement Plan

The question to ask is how can you find the best Florida Medicare Supplement Plan available without paying an arm and a leg?  There are several suggestions that can help you find excellent Medigap coverage while choosing a cost effective plan and we will cover those below: Continue reading

Plan C Medicare Supplement Insurance

In most of our articles we recommend the Plan F or Plan G Medigap policies.  However, in the state of Pennsylvania we recommend the Plan C Medicare Supplement since “Excess Charges” are not allowed.  This particular Medicare Supplement policy provides similar coverage to the Plan F but it does not cover excess charges.  Since the state of Pennsylvania does not allow hospitals/physicians to bill excess charges this is unnecessary coverage.

Plan C Medicare Supplement – Outline of Coverage

As you will notice below the Plan C Medicare Supplement has excellent coverage and the only thing it does not cover compared to the Plan F is the Excess Charges.  In most states, I am leary to suggest any plan that leaves an undisclosed liability on the table.  We do not know what will happen with our health and playing risky in retirement is not something we promote. Continue reading

North Dakota Medicare Supplement Insurance

North Dakota Medicare Supplement Insurance is the plan of choice for retirees in North Dakota.  Some states like Florida and Hawaii have a high percentage of their Medicare eligible seniors enrolled in a Medicare Advantage plan, but not North Dakota with a strong 51% enrolled in a Medigap Policy.

Like all states, North Dakota Medicare Supplement Insurance is standardized and provides benefits that are regulated with Federal laws that describe what the basic benefits must cover.   States will then and go regulate how insurance companies market these plans in their specific states.  Review the Medigap State Laws article by Medicare Insurance Finders for more information on this.

North Dakota Medicare Supplement Insurance

What do these plans look like

North Dakota Medicare Supplement Insurance

Medicare Supplement Insurance Outline of Coverage

North Dakota Insurance companies – Offering Medigap Plans

There are numerous companies that offer medicare supplement insurance in North Dakota.  There are large insurance companies like: Mutual of Omaha, AARP/United Healthcare, Cigna, Aetna, American Continental, Continental Life and other companies that offer insurance plans all across the country.

Something to remember is that insurance companies come and go.  They do not necessarily leave but they may quit marketing their plan or writing new business.  This makes the average consumer believe that they are no longer in business; however, they have just quit promoting their product because of price points or loss ratios.

North Dakota Medicare Supplement Rates

How do I get medicare supplement quotes?

The best way to get Medicare Supplement quotes is through Medicare Insurance Finders.  Rates are provided in less than 2 minutes with over 25 insurance companies.  Also your information is not sold to insurance agents who are trying to sell you an insurance policy.

North Dakota Medicare Supplement Insurance is available through Medicare Insurance Finders.  You can contact us at 1-877-936-2991 for more help with your insurance needs.